Important information

Further bonus offers, specials or package term deposit rates do not apply to rates denoted with “*”.

Special term deposit rates are indicated above in bold.

You must provide 31 days’ notice for early withdrawal or termination before your fixed Term Deposit Account matures.

Rates quoted for term deposit of less than 1 month apply to both end of term and monthly interest payment options. All other rates quoted apply only if end of term interest payment is chosen. For monthly interest payments, the applicable interest rate will be the rate quoted above less 0.25% p.a.

Term deposit of less than 1 month is available only on reinvestment of funds.

Minimum investment amount and account balance is $1,000

Home Loan Privileges Package customers who invest between $25,000 and $250,000 can receive bonus interest of 0.25% p.a. in addition to the rates quoted above (excludes rates denoted with “*”).

All term deposit rates quoted are per annum. Minimum investment amount and account balance is $1,000. Interest is calculated daily and paid at the end of the investment term, or in the case of investments longer than 12 months, paid annually.

Term Deposit Financial Hardship Assistance

If you are concerned or worried about your financial position and feel that you are struggling to meet your financial commitments and would like access to your term deposit funds before the account maturity date, then we might be able to help. For further information, please refer to Financial Hardship Assistance.

Fees

At BOQ, we keep our fees to a minimum. Any fees we do have we’ll show you up front so there are no surprises.

Features

Applicable Fees

Minimum Monthly Balance

$1,000

Branch Withdrawal

Free

BOQ Balance Enquiry

Free

Early payout fee

$30.00

Deposits and withdrawals only available during renewal grace period. Other fees and charges (including government charges) may be payable.

An interest adjustment is also applicable for early redemption.

A full list of fees can be found in the applicable Fees and Charges Guide below.

Ready to apply for a Term Deposit?

Applying for a high interest term deposit is simple. You can apply online, in branch or give us a call.

Step 1.

Decide on the amount you are looking to invest and your maturity instructions, including details of the account you want the funds paying into at maturity.

See our other savings accounts

Whether you're saving for a new purchase, a house deposit, a new baby or something else, our Bonus Interest Savings Account will help you reach your savings goal faster. Terms and conditions apply, view Bonus Interest Savings Account for details.

Conditions, Criteria and Fees Apply. You should obtain and consider the relevant Product Disclosure Statement (PDS), terms and conditions and Guide to Fees and Charges for the product before making any decision about whether to acquire or continue to hold it. Full terms and conditions are available online or at any Bank of Queensland branch.

3Rate includes bonus interest of 1.60% p.a. which will be paid for 4 months from account opening date - to any new customers who open a WebSavings Account® on or after 21/06/2018. Additional interest only applies to account balances of $2,000 or more and is not available to existing customers of the Bank whether or not they hold a WebSavings Account. After 4 months from the account open date, the interest rate will revert to the standard WebSavings Account interest rate.